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[Fee] = The per resident fee contained in Section 9.1o,Subdivision 2(a) <br /> Section 3. Persons per Household. The City of Pequot Lakes will review Section 9.10 <br /> of the Land Use Ordinance on an annual basis at the beginning of each calendar year to <br /> update the Persons per Household Value. The City will use the most updated value <br /> provided by either the U.S. Census Bureau or the Minnesota State Demographer's Office. <br /> Section 4. Per Resident Fee. The Per Resident Fee is calculated by using the following <br /> formula: <br /> [ULV]X[Share] = Per Resident Fee <br /> Where: <br /> [ULV] = The value of all undeveloped land within the City <br /> [Share] = The per capita share of parkland, which is equal to the City's total <br /> parkland goal (15 acres per 1000 residents) plus any existing <br /> shortfall in existing parkland <br /> The City of Pequot Lakes will review Section 9.10 of the Land Use Ordinance on an <br /> annual basis at the beginning of each calendar year to update the Per Resident Fee. The <br /> City will use the most updated Undeveloped Land Values as provided by the Crow Wing <br /> County Assessor's Office. <br /> �-- Cathy Malecha,Mayor <br /> ATTEST: <br /> Sandra A. Peine, City Clerk <br />